Suppose the economy is in its long run equilibrium. If there is a decrease in consumption, what happens in the short run
Posted: Wed Jul 06, 2022 5:55 am
Suppose the economy is in its long run equilibrium. If there isa decrease in consumption, what happens in the short run?
Group of answer choices
Price level rises and output rises
Price level falls and output rises
Price level rises and output falls
Price level falls and output falls
Not enough information
Flag question: Question 15
Question 152 pts
From the previous question, what happens in the long run(relative to the initial equilibrium)?
Group of answer choices
Price level falls and output is unchanged
Price level rises and output is unchanged
Price level rises and output falls
Price level falls and output falls
Not enough information
Group of answer choices
Price level rises and output rises
Price level falls and output rises
Price level rises and output falls
Price level falls and output falls
Not enough information
Flag question: Question 15
Question 152 pts
From the previous question, what happens in the long run(relative to the initial equilibrium)?
Group of answer choices
Price level falls and output is unchanged
Price level rises and output is unchanged
Price level rises and output falls
Price level falls and output falls
Not enough information